Market Updates

LOCAL INFO, Market Updates

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash ( Dec 2022)

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash December 15, 2022 Challenging Markets By: Melissa Dittmann Tracey NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. © BrianAJackson – iStock/Getty Images Plus Many homeowners are still haunted by the 2008 housing […]
LOCAL INFO, Market Updates

We’re continuing to see a return to market normalcy …. (Nov 2022 Stats)

“We’re continuing to see a return to market normalcy, where listings are closing sometime between two to two and a half months, and the months’ supply is increasing up to a two-to-three month supply, depending on the region and property type.” “It is too early to tell if prices are beginning to soften, as median […]
LOCAL INFO, Market Updates

NAR: 3Q 2022, Home Prices Up in 98% of Metros

Home prices rose 8.6% in 3Q, with 46% of metros seeing double-digit price growth – a drop from 80% in 2Q. Of the top 10 high-price-increase metros, 7 are in Fla. WASHINGTON – An overwhelming majority of metro markets saw home price gains in the third quarter of 2022, according to the National Association of […]
Market Updates

Why Won’t the Market Collapse? Fewer MB Securities – Nov 9,2022

If buyers understood the role mortgage-backed securities played in the early 2000s RE market collapse, they wouldn’t be expecting a repeat performance this time. NEW YORK – Mortgage-backed securities nearly brought down Wall Street in the early 2000s. But what is a mortgage-backed security? Many homeowners think of their mortgage in personal terms. But when […]

LOCAL INFO 5 Reasons This Isn’t a Repeat of the 2008 Housing Crash ( Dec 2022) 5 Reasons This Isn’t a Repeat of the 2008 Housing Crash December 15, 2022 Challenging Markets By: Melissa Dittmann Tracey NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. © BrianAJackson – iStock/Getty Images Plus Many homeowners are still haunted by the 2008 housing […]

LOCAL INFO We’re continuing to see a return to market normalcy …. (Nov 2022 Stats) “We’re continuing to see a return to market normalcy, where listings are closing sometime between two to two and a half months, and the months’ supply is increasing up to a two-to-three month supply, depending on the region and property type.” “It is too early to tell if prices are beginning to soften, as median […]

LOCAL INFO NAR: 3Q 2022, Home Prices Up in 98% of Metros Home prices rose 8.6% in 3Q, with 46% of metros seeing double-digit price growth – a drop from 80% in 2Q. Of the top 10 high-price-increase metros, 7 are in Fla. WASHINGTON – An overwhelming majority of metro markets saw home price gains in the third quarter of 2022, according to the National Association of […]

Market Updates Why Won’t the Market Collapse? Fewer MB Securities – Nov 9,2022 If buyers understood the role mortgage-backed securities played in the early 2000s RE market collapse, they wouldn’t be expecting a repeat performance this time. NEW YORK – Mortgage-backed securities nearly brought down Wall Street in the early 2000s. But what is a mortgage-backed security? Many homeowners think of their mortgage in personal terms. But when […]

Market Updates SEPT 2022 – RE MARKET STATS September continues the same trend of fewer sales and rising inventory. “We are continuing the trend that we’ve seen for several months now where the number of closed sales is dropping, and prices are leveling off.” “Historically whenever Florida has a catastrophic event like Hurricane Ian, the real estate market bounces back very quickly with […]

LOCAL INFO Why a repeat of the 2008 housing crash is unlikely … With U.S. home prices sharply higher and mortgage rates rising, consumers and investors alike are wondering if the environment for housing is still constructive. Home prices are on average almost 40% higher than before the pandemic.1 Mortgage rates have jumped over 200 basis points year to date, reducing purchasing power.2 Low affordability suggests that some […]

Market Updates July 2022 – Local Market Snapshot CLOSED SALES DECREASE IN SARASOTA AND MANATEE AS INVENTORY CONTINUES TO GROW Click here for the July 2022 Press Release and Statistics. The inventory of active listings in the two-county region continues to increase year-over-year in July 2022. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), […]

Market Updates Answers to your top 5 housing market questions Russell Price, Chief Economist – Ameriprise Financial Aug. 1, 2022 With home prices in many local markets reaching record levels in 2020 and 2021, homeowners and prospective homeowners alike are wondering what’s next for the housing market. Ameriprise Financial Chief Economist Russell Price answers the top 5 real estate questions our clients are asking. 1. […]

Market Updates Housing Inventory Continues to Grow in Sarasota and Manatee Courtesy of RASM Market Statistics. SARASOTA, Fla. (July 20, 2022) – With rising interest rates across the country, the Sarasota and Manatee housing market is beginning to see more and more homes available for purchase when compared to last year. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and […]

LOCAL INFO Nations Top 20 – has Sarasota as No 1 !!! Nov 2021 U.S. News & World Report: Fla. Has 8 of Top 10 ‘Best Retirement’ Metros By Phil Fernandez The magazine’s 2021 list ranks Fla. metros in the top four spots– Sarasota, Naples, Daytona Beach and Melbourne – but 7 other Fla. metros also made it into the top 20. NAPLES, Fla. – It may be getting […]

LOCAL INFO Property Fraud Alerts, a growing Problem … 2021 Property Fraud Alerts in Sarasota and Manatee Counties…. Property and identity fraud are a nationwide problem. By filing fake deeds, scammers appear to own property, and can fraudulently rent or sell the property without the knowledge of the true owner. Your Sarasota Clerk and Comptroller wants to help you in protecting against property fraud. By […]

LOCAL INFO Longboat Key Named Fifth Best Island in the U.S… 2021 The annual reader-sourced “World’s Best” list invites Travel + Leisure’s audience to vote on the best destinations and experiences worldwide. Travel + Leisure recently ranked Longboat Key as the No. 5 best island in the U.S. in its 2021 “World’s Best” awards. The annual reader-sourced list invites Travel + Leisure’s audience to vote on the […]

LOCAL INFO Market Update: Sept 2021 .. HOUSING NEWS Mortgage Credit Availability Improves in August If you want to be approved for a mortgage, you have to qualify. Which means, if you have too much debt, too little income, or bad credit, you may not be able to get a loan. Put simply, you have to have your finances in order, if […]

LOCAL INFO Real Estate – The July 2021 MLS Statistics Real Estate – The July 2021 MLS Statistics SARASOTA, Fla. (August 23, 2021) – Closed sales decreased in July 2021, the first year-over-year decrease since May 2020 for Sarasota and Manatee counties. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), the July 2021 market stays on-trend with […]

LOCAL INFO ADU’s Approved in Manatee County & Sarasota City, 2021 ADU’s Approved in Manatee County and City of Sarasota In a big win for property owners, during the month of August both the Manatee County Commission as well as the Sarasota City Commission voted to allow homeowners to construct accessory dwelling units (ADU) on their property. REALTOR® Associations throughout the country have long touted the […]

LOCAL INFO Qualifying for a Mortgage During Retirement Buying a home after Retirement – how is it done ? For many retired homeowners, relocating or downsizing is a common goal, but determining the best way to pay for their next home may seem complicated. Without a steady employment paycheck, many retirees assume they can’t qualify for a mortgage, leaving them with two options: […]

LOCAL INFO Sarasota FL – 100 of WORLD’S GREATEST PLACES 2021, OCT 2021 Two Florida cities named among World’s 100 Greatest Places by Time magazine The list recognizes “100 unique destinations that are offering visitors an extraordinary experience that’s unlike any other.” Featuring both Orlando and Sarasota. https://time.com/collection/worlds-greatest-places-2021/6079302/sarasota-florida/ The write-up on Orlando focused on the city’s abundance of amusement parks, including “the crown jewel of American theme parks” Walt Disney World and the 18-month celebration […]

LOCAL INFO HIGH DEMAND & LOW SUPPLY FUELS RISING PRICES in SRQ, JUNE 2021 High Demand and Low Supply Fuels Rising Prices in Sarasota-Manatee Click here for the May 2021 Press Release and Statistics. The June 2021 Year-End Stats will be released on July 22. SARASOTA, Fla. (June 22, 2021) – Record-low inventory brings record-high prices in the Sarasota and Manatee housing market. According to data from Florida REALTORS® […]

LOCAL INFO Trend of more home sales & rising prices in 2021, APRIL The Sarasota and Manatee housing market continues the trend of more home sales and rising prices in April 2021. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), April reported more sales, more new listings, and record-high prices. “It’s hard to compare to last year because of […]

LOCAL INFO Best Places to Retire? Sarasota is No. 1. OCTOBER 2020 OCTOBER 14, 2020 Best Places to Retire? 13 of the ‘Top 25’ Are in Fla. By Kerry Smith U.S. News & World Report’s latest ranking of top retirement communities could have almost said, “Pick any town in Fla.” Seven Fla. metros are in the top 10: Sarasota (No. 1), Fort Myers (2), Port St. Lucie […]